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Mission Produce® Announces Fiscal 2025 Third Quarter Financial Results
Achieved record fiscal third quarter revenue and gross profit OXNARD, Calif., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO)
About this update from Mission Produce, Inc.
[{"type":"text","content":"Achieved record fiscal third quarter revenue and gross profit\nOXNARD, Calif., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, and distributing fresh Hass avocados, today reported its financial results for the fiscal third quarter ended July 31, 2025. Fiscal Third Quarter 2025 Financial Overview: Total revenue increased 10% to $357.7 million compared to the same period last yearNet income of $14.7 million, or $0.21 per diluted share, compared to $12.4 million, or $0.17 per diluted share, for the same period last yearAdjusted net income of $18.2 million, or $0.26 per diluted share, compared to $16.7 million, or $0.23 per diluted share, for the same period last yearAdjusted EBITDA increased 3% to $32.6 million, compared to $31.5 million in the same period last year CEO Message Steve Barnard, CEO of Mission, stated, \"This quarter, our commercial team demonstrated its unique ability to effectively program our owned Peruvian production to strategically deliver fruit into multiple global regions, resulting in supply consistency for our consumers and another quarter of strong financial performance. Our vertically integrated model, which combines a year-round sourcing network, owned production, global marketing and distribution capabilities and value-add services allows Mission to provide category leadership to drive global consumption. What's particularly encouraging is how our operations have adapted to market volatility — we've now demonstrated our ability to deliver solid results whether facing difficult supply conditions or favorable harvest environments, reflecting the consistency and operational excellence that helps us navigate various headwinds and capitalize on opportunities as they arise. With our strong operational performance and continued focus on working capital management, we generated $34 million of operating cash flow during the third quarter and expect to build on this in the fourth quarter as we sell the balance of our owned-crop inventory.\" Fiscal Third Quarter 2025 Consolidated Financial Review Total revenue for the third quarter of fiscal 2025 increased $33.7 million or 10% to $357.7 million compared to the same period last year. The increase was primarily driven by the Marketing & Distribution segment, where avocado volum...